What is the cost of goods sold

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Reference no: EM13970813

Olympic Enterprises has the following inventory data: Date June 1 Beginning inventory Quantity 5 unit cost $52 Date June 4 Purchase Quantity 10 unit cose $55 June 7 Sale Quantity 12 Unit cost? Date June 11 Purchase Quantity 9 Unit cost $58 June 14 Sale Quantity 8 Unit cost? Assuming average cost, what is the cost of goods sold for the June 7 sale?

Reference no: EM13970813

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